UK tech stocks broadly sideways amid results activity

Elvera Bartels

Uk tech stocks ended up boosted previous 7 days by constructive buying and selling information from sector heavyweights, The Sage Group PLC (LON:SGE), Computercentre (LON:CCC) and Studying Systems Group PLC (LON:LTG)

At a glance

Computercentre strike record highs following it reported that 1st-50 % earnings ended up substantially forward of the same interval previous year, aided by a surge in desire for IT products to enable residence doing the job. Sage jumped ten% over the 7 days, following it reported a six.5% advancement in Q3 recurring earnings, with the amount supported by decreased-than-predicted churn between its SME consumer base. Studying Systems rose by four.5% over the 7 days following it created an inline buying and selling update, with revenues mounting c 2% as a compact organic decrease was extra than offset by the contribution from the acquired Open LMS enterprise.

A critical aim this 7 days will be Apple’s Q3

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